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Nike beats Street 4Q forecasts

BEAVERTON, Ore. (AP) _ Nike Inc. (NKE) on Thursday reported fiscal fourth-quarter net income of $1.01 billion.

The Beaverton, Oregon-based company said it had profit of 60 cents per share.

The results topped Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of 49 cents...